EFCC Arraigns APC House of Reps Aspirant, Others Over Alleged ₦652m Theft
The Economic and Financial Crimes Commission has arraigned Issa Lateef Aloba, an APC House of Representatives aspirant for Apapa Federal Constituency, and two others over the alleged theft and laundering of ₦652.18 million. The defendants were arraigned before Justice Olubunmi Abike-Fadipe at the Lagos Special Offences Court in Ikeja on an eight-count charge involving conspiracy, stealing and money laundering. The funds were alleged to belong to Petrocam Trading Nigeria Limited. All defendants pleaded not guilty. The court granted bail to two of them under varying conditions, while Aloba was allowed to continue on EFCC administrative bail pending a formal written application. Trial is scheduled to begin on December 8 and 9, 2026.
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